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Dec 28, 2012 4:00am EST
. these are your headlines from around the world. >> president obama calls congressional leaders to the white house today in what could be the last chance to come talk before the u.s. falls off the fiscal cliff next week. >>> investors are bracing for the final eurozone bond sale of the year. italy will sell up to 6 billion later today. >> and the yen has been sent lower and stocks to their highest level in 21 months. >>> this is the final "worldwide exchange" from london of the year. louisa is here for it. >> i can't believe it. it's my last working day of the year, as well. >> is it? >> yes. >> unfortunately we'll still be talking about the same thing we're talking about now. >> although i feel we'll be talking more debt ceiling, as well. >> and speaking of which, president obama is trying a last ditch effort to restart budget talks days before the u.s. goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes an
Dec 31, 2012 4:00am EST
, the senate did get some work done this weekend. ten months after he was nominated by president obama. baer whob is a white collar criminal defense lawyer used to work at a trade commission. so how should investors be positioning themselves as we head into 2013? here is what some of our guests have been telling us. >> next year is very much you've got to be aware of your idiosyncratic risks out there. clearly, the default cycle is quite low. you know, if companies can finance themselves at very low levels, as long as we don't get a big back up in interest rates or yields for any reason due to sovereign risks elsewhere, then i suspect the cycle will remain quite low. if you look at where valuations are in terms of high yield investment grade, in fact, valuations are still, even after this big move we've had in the last six months compared to where the default cycle is, still look a reasonable value. >> the first half of next year doesn't look all that great. we're counting on the second half of next year after there's a little momentum. once the fiscal cliff gets resolved, we think there wil
Dec 24, 2012 5:00am EST
. >> a white christmas. >> super white christmas. gnomes are everywhere. the little guys out under the trees. >>> the deadline to avoid the fiscal cliff is just a week ago. on fri, president obama said he still hoped to work out a deal to keep taxes for 98% of americans from going up on the first of january. but both sides aren't talking and congress is in recess until after christmas. republicans aren't holding out any hope for a deal. >> i would hope that we would have one last attempt here to do what everyone knows needs to be done, which is a larger plan that really does stabilize the debt and get us moving in the right direction. >> if we get down to the end of this year and the oil only choice we have is to save taxes going up on the middle class, then i would support that. but i wish we had a comprehensive bill that dealt with spending and entitlement altogether. >> i believe the president senses a victory at the bottom of the cliff. >> some finger pointing. other republicans are now looking past new year's day to the next battleground. >> i will raise the debt ceiling only if we save
Dec 27, 2012 4:00am EST
measure. and finally, president obama has returned from his vacation in hawaii to try to kick start those talks. but the white house officials tell me there are no signs of progress yet. they have to hope that when members come back to washington on the 27th, that is thursday wblg that both the president, democrats in the senate, republicans in the senate and then both parties in the house can come together on at least a short-term deal. back to you. >> a short-term deal. joining us now is tim stanley, a u.s. historian at oxford university. welcome. >> good morning. >> we've been following this together for the last several months. how do you feel about the prospects of a deal before monday? >> not so bad about that, actually. last week i felt quite good about a deal happening. >> what changed? >> it turned out that boehner didn't have the votes, a mistake i made, i think, and some other people made, too. not thinking enough about the hard core conservative republicans who were not going to vote for any kind of tax increase, either because they didn't think they could sell it. so we're no
Search Results 0 to 3 of about 4